Louisville Kentucky Real Estate

Louisville luxury homes have traditionally been found in the eastern and northeastern parts of the metropolitan community. But a recent increase in high end real estate development in the downtown Waterfront Park area is now giving those luxury properties a run for their money. And interestingly enough, its not expansive mansions and high end houses that are gaining in popularity. Its luxury Louisville condominiums. Yes, condos! Out of the top 20 most expensive properties in the Louisville community (according to tax records), 4 of those properties are located in the Waterfront Park Place condominium tower. There are additionally 5 more Louisville luxury condos valued at over one and a half million dollars at Park Grande (which overlooks Cherokee Park). And if you go a little further out to along US42, there are over 20 luxury condos for sale in the newly opened Regency Tower at Seminary Woods priced at $1 million a piece. [And for those wondering why a somewhat suburban location is commanding such high prices, Seminary Woods is offering valet service for parking of vehicles, wine cellars located in the basement, a concierge, and a fitness center for its residents.]

The Louisville luxury homes market is definitely starting a transition from rolling acres and expansive mansions toward a more urbanized and community feel. It will certainly be interesting to watch this trend as it unfolds in the coming years – and its impact on the luxury Louisville homes market.

For historical reference, the highest valued home in the Louisville market is currently Papa Johns founder, John Schnatters home which is assessed at almost $7.6 million. (And he also owns the #73 most expensive Louisville home – a $1.85 million condo in the Park Grande.) And a great many of the high end homes are owned by business executives and professionals like lawyers & doctors.

The Louisville luxury real estate market trend seems to be to simplify down with less headaches/maintenance and closer to conveniences – but still maintain an ability to entertain guests and friends if so desired. By becoming more urbanized, the luxury home owner now has a more convenient life style – closer to friends, restaurants, and entertainment while still enjoying a luxury life style.

This entry was posted on Saturday, October 4th, 2008 at 12:56 pm and is filed under Louisville Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.